Judge Approves A&P Incentives

WHITE PLAINS, N.Y. — The judge in A&P's bankruptcy case last week approved a short-term incentive plan for the company's top employees. The plan was revised from an earlier iteration that had been rejected by the same judge in March. Judge Robert Drain of the U.S. Bankruptcy Court here said that changes to the plan that incorporated EBITDA targets helped gain support for the plan from the creditors'

WHITE PLAINS, N.Y. — The judge in A&P's bankruptcy case last week approved a short-term incentive plan for the company's top employees.
The plan was revised from an earlier iteration that had been rejected by the same judge in March.
Judge Robert Drain of the U.S. Bankruptcy Court here said that changes to the plan that incorporated EBITDA targets helped gain support for the plan from the creditors' committee, which had previously objected. A lawyer for the creditors testified that a ...

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